Business3 hours ago
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India Reintroduces Merchant Fees on UPI: Key Implications
India's decision to reinstate Merchant Discount Rates (MDR) on UPI transactions could impact digital payments. This move means merchants will now incur fees for processing digital transactions, similar to credit card payments which typically attract a 1.5% MDR. Understanding these changes is crucial for businesses and consumers alike as they navigate the evolving landscape of digital payments.
⚖️ AI Verdict
"Looks like merchants will have to dig a little deeper into their pockets!"
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File ID: #312092Original Source: Times Of India ↗
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